RBI Warns ARCs Over Evergreening Distressed Assets
The RBI Deputy Governor urged ARC chiefs to adopt a regulation-plus approach where you not only comply with the letter of the regulation but also its spirit.
May 29, 2024, 16:36 PM IST
IDBI Bank Registers 44% Jump In Net Profit For Jan-March Quarter
IDBI Bank's provisions on bad debts written off came down sharply to Rs 1,049 crore from Rs 3,587 crore in the same quarter of the previous year.
May 04, 2024, 21:08 PM IST
SBI Net Profit Declines 35 Pc To Rs 9,164 Crore In Q3
During the quarter, the bank earned interest income of Rs 1,06,734 crore as against Rs 86,616 crore in the same period a year ago.
Feb 03, 2024, 15:35 PM IST
Cooperative Banks Will Soon Be Able To Do Compromise Settlements, Write-Offs On NPAs: RBI Governor
Till now, this avenue for dud asset resolutions was available only with scheduled commercial banks and select non-bank finance companies, Das said, adding that comprehensive guidelines on the same will be released soon.
Jun 08, 2023, 13:09 PM IST
'Tamasha', 'Nautanki' companies dupe IDBI, Bank of Baroda, HDFC of Rs 150 crore, check details
Great Indian Tamasha Company Pvt. Ltd. (GITCPL) is named as the corporate guarantor in the case.
Jun 22, 2022, 14:33 PM IST
HDFC Bank net profit jumps 23% to Rs 10,055 crore in Q4
HDFC Bank reported a 22.8 per cent jump in its standalone net profit at Rs 10,055.2 crore for the quarter ended March 2022.
Apr 16, 2022, 15:19 PM IST
PNB reports another fraud! Bank defrauded of Rs 2,060 crore by THIS company
According to PNB, the fraud account belonged to the IL&FS Tamil Nadu Power at the Extra Large Corporate Branch in Delhi zonal office.
Mar 16, 2022, 22:32 PM IST
RBI's recent norms may spike NPAs for NBFCs, cautions ICRA
ICRA said that the RBI's recent notification on income recognition, asset classification, and provisioning norms for banks, non-banking financial institutions, and all-India financial institutions may lead to a sharp spike in the non-performing assets (NPAs) for non-banking finance companies.
Nov 28, 2021, 22:51 PM IST
Rs 73 cr fraud at PNB, Indian Bank: CBI lodges case against seven
After disbursal of the loan proceeds, the borrowers/guarantors allegedly violated the terms & conditions of the sanction and they neither procured the machineries nor deposited the installments in time and the account turned Non-Performing Assets(NPA).
Nov 25, 2021, 17:18 PM IST
Do you have an account in this bank? 50 branches affected due to merger
The bank has already surrendered two floors in Central Mumbai's upscale Indiabulls Finance Centre, which houses its corporate offices.
Oct 26, 2020, 14:35 PM IST
PNB reports fraud of Rs 3,688.58 cr in DHFL account
The DHFL came in the eye of the storm after a report suggested that the company, through layers of shell companies, allegedly siphoned off Rs 31,000 crore out of total bank loans of Rs 97,000 crore.
Jul 10, 2020, 14:00 PM IST
Banks go for stress test to assess the impact of COVID-19 on NPAs
Since the quarter as well as the financial year has ended, it is prudent to undertake the stress test to have a better view of the financial health, banking sources said.
Jun 26, 2020, 17:23 PM IST
Bank credit growth will nosedive to 1% due to COVID-19 impact: Crisil
Domestic rating agency Crisil, which estimates bank credit growth to come at 0-1 per cent in this financial year, had earlier predicted it to expand by 8-9 per cent.
Jun 08, 2020, 17:41 PM IST
PSB NPAs likely to rise 2-4% points; may push govt to recapitalise via RBI reserves, bonds: Report
The consolidated fiscal deficit target is likely to overrun by 2 percentage points due to stimulus spends, lower tax receipts and dip in divestments, and will have to look for different ways of raising resources for recapitalisation, analysts at Bank of America said.
May 05, 2020, 14:10 PM IST
Moody's downgrades Yes Bank's ratings with outlook negative, concludes review for downgrade
Yes Bank`s asset quality deteriorated in the quarter ended June 2019 with its gross non-performing loan (NPL) ratio rising to 5 per cent from 3.2 per cent at the end of March 2019.
Aug 28, 2019, 18:06 PM IST
RBI issues revised circular on resolution of stressed loans
The Supreme Court had earlier quashed the RBI circular on stressed loan recognition and resolution of large borrowers over Rs 2,000 crore.
Jun 07, 2019, 17:16 PM IST
New NPA resolution norms in 3-4 days: Das
On April 2, the Supreme Court had declared as "ultra vires" the February 12 circular that mandated banks to label even a day's default as NPA.
Jun 06, 2019, 13:25 PM IST
PNB narrows Q4 loss to Rs 4,750 crore
The scam-hit lender had posted a staggering loss of Rs 13,417 crore during the corresponding January-March period of 2017-18.
May 28, 2019, 13:18 PM IST
Indian Bank to decide on raising Rs 7,000 crore in Q2: MD
In December 2017, the bank's Board accorded approval to raise equity capital upto Rs 7,000 crore in one or more tranches in the current or subsequent financial years based on requirement through FPO, private placement, QIP/rights issue/preferential issue/institutional placement programme.
May 15, 2019, 14:19 PM IST
Union Bank net loss widens to Rs 3,370 cr in Q4 on higher provisioning
The bank had reported a net loss of Rs 2,583 crore for the same quarter previous fiscal.
May 15, 2019, 14:14 PM IST
